Oxbridge Re Holdings Limited (NASDAQ:OXBR) Major Shareholder Allan S. Martin Sells 11,690 Shares

Oxbridge Re Holdings Limited (NASDAQ:OXBR) major shareholder Allan S. Martin sold 11,690 shares of Oxbridge Re stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $3.08, for a total transaction of $36,005.20. Following the sale, the insider now directly owns 269,631 shares in the company, valued at $830,463.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Oxbridge Re Price Performance

NASDAQ:OXBR opened at $2.59 on Monday. The firm’s 50 day simple moving average is $2.57 and its 200 day simple moving average is $1.69. Oxbridge Re Holdings Limited has a one year low of $0.87 and a one year high of $3.72. The company has a market cap of $15.57 million, a PE ratio of -1.39 and a beta of 0.99.

Oxbridge Re (NASDAQ:OXBR) last posted its earnings results on Thursday, May 9th. The insurance provider reported ($0.15) EPS for the quarter. The company had revenue of ($0.13) million for the quarter.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Henrickson Nauta Wealth Advisors Inc. increased its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the insurance provider’s stock after buying an additional 5,000 shares during the period. Henrickson Nauta Wealth Advisors Inc. owned about 0.25% of Oxbridge Re worth $36,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.64% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Oxbridge Re in a report on Friday. They set a “hold” rating on the stock.

About Oxbridge Re

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.